June 2011 Newsletter

Planning Your Financial Future

Memorial Day Weekend!  I hope you have a wonderful time with family and friends.  However, don’t forget to honor and remember the family and friends of those that have lost their lives protecting this great country we live in.

Mid-Year Tax Considerations
Though it may seem as if the ink has barely dried on your 2010 federal income tax return, the end of 2011 is now visible on the horizon. Here are some things to consider as you take stock of your current tax situation.

 

Deciphering Health Savings Vehicles
Health savings accounts (HSAs), Archer medical savings accounts (MSAs), health reimbursement arrangements (HRAs), and flexible spending arrangements (FSAs) are personal health accounts that may help you control your health-care costs.

Life Insurance Policy Loans: Tax and Other Implications
As the owner of a life insurance policy, you can generally borrow the policy’s cash surrender value and use the proceeds for any purpose. Before you take a policy loan, be sure you understand the implications of taking the loan on the policy itself as well as any tax implications, both now and in the future.


What is a funeral trust?
Funeral trusts are contracts that hold assets to be used to pay for funeral and burial expenses.

 

What is a pet trust?
A pet trust is a contract you use to provide for the care and financial support of your pet upon your disability or death.

 

Refer a friend

IRS regulations require that I advise you that, unless otherwise specifically noted, any federal tax advice in this communication (including any attachments, enclosures, or other accompanying materials) was not intended or written to be used, and it cannot be used, by any taxpayer for the purposes of avoiding penalties; furthermore, this communication was not intended or written to support the promotion or marketing of any of the transactions or matters it addresses.

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This entry was posted on Thursday, June 16th, 2011 at 7:20 am. Both comments and pings are currently closed.

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